See all 27 photos
27 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$385,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 606047
Annual Tax Amount $5,658
Tax Year 2026
Property Sub-Type 4 - 10 Units
Property Description
Legal Quadplex!! INVESTOR ALERT - 12% Cap rate! Ground floor commercial space was recently leased out to new tenants on November 1st 2025. The second floor one bdrm apartment is leased out via Section 8 and big enough for a 3 person max limit on the CO by the city, the top two floors are currently vacant. The 3bdrm apartment is big enough for 7 people on the CO from the city. The residential units have open floor plans with plenty of natural sunlight from all the windows & nice panoramic views of the city all around the apartment. They feature gas cooking, Vynil Plank flooring throughout, and natural gas hot water baseboard heating. Located in close vicinity to City Hall, Tanger Outlets shopping, All Casinos including Tropicana and Ceasers Wild Wild West, 5 Star Dining, World Class Nightlife, Jersey Shore Beaches, World Famous Baordwalk, and the Atlantic Ocean! Close to Absecon Lighthouse, Gardners Basin, Back Bay Ale House, Gilchrest, AC Aquarium, Fishing Jettys & Peirs, Showboat & Waterpark, Borgata, Harrahs, Ocean Casino, Hardrock & Steel Peir, Resorts & Margaritaville, Golden Nugget & Farley Marina, the Little Water Distillery, Axe Throwing, and Seed Brewery! Street Parking Only. Convert back to the 4 unit and make an additiona $8000 P/Y or more!!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Boardwalk Area
Interior
Heating Baseboard, Gas-Natural, Hot Water
Exterior
Exterior Feature Brick, Stucco, Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Read Less Info
Listed by WEICHERT REALTORS ASBURY GROUP-AC
NEARBY SCHOOL & BUSINESS